Telegram and TON Partnership Expands Blockchain Integration for Mini Apps
Brief news summary
The Open Network Foundation (TON Foundation) has partnered with Telegram, designating TON as the exclusive blockchain for its Mini App Ecosystem, which serves over 950 million users. This collaboration, initiated in 2023, has accelerated TON's growth, particularly with the introduction of TON Connect, allowing smooth transactions between Telegram Mini Apps and blockchain wallets through on-chain signatures. Additionally, Toncoin has been selected as the exclusive cryptocurrency for non-fiat transactions on Telegram, enhancing features such as Telegram Stars and Premium. The platform plans to tokenize digital assets like stickers and emojis on the TON blockchain, underscoring the significance of digital assets in the ecosystem. Developers can join this initiative by a specified deadline to receive incentives from the TON Foundation. This reinforced partnership aims to propel TON's growth towards 2025, with a goal of reaching 500 million users by 2028, marking a pivotal advancement in the integration of cryptocurrency into Telegram's services.The Open Network Foundation has announced an expanded partnership with Telegram, making TON Connect the exclusive protocol for connecting Telegram Mini Apps to blockchain wallets. This collaboration positions TON as the sole blockchain infrastructure for Telegram’s Mini App Ecosystem, which serves over 950 million active users monthly. Since their initial partnership in 2023, the TON ecosystem has grown significantly, aided by Telegram's enhancements to its Mini App Platform and support for Toncoin. The new agreement strengthens the technological relationship between the two entities. Key features of this partnership include: - TON Connect will streamline the user experience, requiring all Telegram Mini Apps to exclusively use it for blockchain transactions within the next month. - Toncoin will be the only cryptocurrency accepted for payments on Telegram's platform, including services like Telegram Premium and ads.
It will also be the sole currency for compensating Mini App developers and for Telegram Stars. - Additionally, Telegram plans to tokenize various digital assets, such as emojis and stickers, on the TON Blockchain. Developers are encouraged to transition to this system promptly to ensure a smooth migration and will receive added benefits for doing so within the specified timeframe. Overall, this partnership emphasizes TON's ambition to significantly expand its user base globally, targeting 500 million users by the end of the decade. For more information, visit the TON Foundation's website.
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Telegram and TON Partnership Expands Blockchain Integration for Mini Apps
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